Is the 2016 Economic Growth Forecast Realistic?
The World Bank has adjusted its economic growth forecast for Azerbaijan. The Bank forecasts a negative economic growth (decline) by 1.9% to Azerbaijan this year against January’s expectation of positive growth at 0.8%. As a consequence, the forecast of growth for 2017 was revised down from +1.2% to +0.7% and in 2018 from +2.7% to +1.3%. The cause for that are worse-than-expected results of 2015.
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